We have not seen bad news lately, but most Crypto currencies are losing value. We have to ask ourselves, why that might be?
The theory is that Wall Street traders are using Institutional Capital to create a favourable environment for them to buy bitcoins for themselves.
The South Korean clamp down is just FUD that are being used as an excuse to dump some coins. There is no threat, because the South Korean government is just tightening regulations to protect their consumers from unregulated exchanges.
We know Wall Street traders are getting large Bonuses in January and some of them might invest some of that money into Bitcoin for themselves. Why would they not manipulate small markets like Bitcoin to buy cheaper bitcoins for themselves?
What do you think?
Yes, Somehow I agree on that part, They are businessmen after all and they are after the money and profit. There is a theory that i read here about Wall Street sucking out the money in Bitcoin and I think it is happening now. Maybe, they are just doing it slowly so cryptocurrency enthusiasts will not be shocked on the "possible" Bitcoin crash. Anyway, I think it still will not happen, If Bitcoin price will go down, a lot of new Investors will come in to buy it, it will be a cycle , I hope the community will do something about this if this theory is true.